If you are relocating to Kailua, plenty of opportunities to both rent and purchase real property are available. Contrary to what many people from outside Hawaii still believe, you can own fee simple property in Hawaii. In fact, most properties for sale now are fee simple (and not leasehold). This did not used to be the case. Please consult with a licensed REALTOR for the details of this. Real estate in Kailua, and all over Oahu, is generally considered "expensive" by mainland standards. Compare prices here in Kailua, to desirable coastal cities in California or big cities like New York or Chicago, and the sticker shock will not be so bad.
Despite the cost, Kailua is a great place to think about buying real estate, to live or to invest. Even in a down market, property values in the Kailua area have held up much better than most other areas on the island of Oahu. With the island's most gorgeous beaches, a relaxed lifestyle and an easy and beautiful commute to Honolulu, it is no wonder people prefer to live in Kailua. This, and the proximity to Marine Crops Base Hawaii, makes rental properties quite attractive to investors.
Kailua offers its residents various lifestyle opportunities. There are lots of single family homes and also, condominiums and townhomes, in many neighborhoods. Most residential areas in Kailua are, at most, a few miles to the beach and other activities, such as golf and hiking. Most single family homes, in Kailua, are realtively modest -- originally built between 1945 and 1965, and starting as small post-war post & pier bunglalows, or mid-century bungalows, plantation or ranch-style homes. But there are a few eas of arnewer construction as well. Many homes in Kailua have undergone extensive remodels and additions, to update and upgrade, or to expand the size of the home for larger families or multi-generational living. There are also areas of Kailua, such as Beachside and Lanikai, where you can find spectacular luxury homes and estates.
Each of more than a dozen neighborhoods in Kailua has its own unique charm and character. Water-lovers can find homes that are beachfront and oceanfront. Others may prefer lakefront (Enchanted Lake) or canal front (Kaelepulu Stream) homes, some of which have boat docks. Golf course and preservation fronting homes may also be found in Kailua. And the views you can find from the hillsides in Kailua will amaze you. The great thing about Kailua is that no matter what neighborhood in which you choose to live, you will be only minutes from Kailua Town Center and its thriving business district! by Home Shoppe Hawaii